Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    598 Kenmore Blvd Akron, OH 44314-2466
    Back to Search
    Property profile & analytics

    598 Kenmore Blvd Akron, OH 44314-2466

    View on Map
    • Flex space
    • 6,627 SF
    • 0.18 lot acres
    Off-Market
    Last Sale Mar 11, 2025
    $213,000
    Property ID
    US66-0332678
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Akron Machine / Industrial Manufacturer
    • Campbell Industries / Industrial Manufacturer

    Property Details for 598 Kenmore Blvd

    Year built
    1918
    Lot size
    0.18 lot acres
    Property size
    6,627 SF
    Property type
    Flex space
    APN
    68-25062
    APU
    6825062

    Description

    This exceptional commercial property at 598 Kenmore Boulevard in Akron, Ohio presents a fantastic investment opportunity. Boasting 6,627 square feet of versatile industrial space, this warehouse sits on a 0.47-acre lot and offers significant potential for a variety of businesses. The building features two large garage doors (one 12 feet, one 8 feet) providing easy access for loading and unloading. The property also includes two additional parcels of commercial land, totaling three parcels. Currently used as an industrial space, the building is adaptable to numerous uses, including warehousing, storage, landscaping, or automotive-related businesses. Interior features include two bathrooms, three furnaces, and three offices, along with ample storage space. The ceilings vary in height, with 12-foot ceilings in the main area, 10-foot ceilings in the rear, and 14-foot ceilings in the drive bay. Recent improvements include a complete paint job, electrical upgrades to 480v, new lighting, and the installation of two one-ton Harrington cranes. Two large 60hp Sullair compressors (recently serviced) and a 7.5 hp Ingersol Rand compressor are also present, but are available for separate purchase. The asking price of $229,900 does not include these pieces of equipment. The existing business operating within the building is not included in the sale. This property offers a unique blend of space, location, and recent upgrades, making it an ideal choice for a discerning buyer.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.5459
    Latitude
    41.0456
    CBSA code
    10420
    CBSA name
    AKRON, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,883
    $7,410
    $25,980
    $33,390
    -
    $21,180
    $74,220
    $95,400

    Comparable in this City

    • Value Estimation by Request
      1,968 SF

      578 Kenmore Blvd

      LIGHT INDUSTRIAL • 1,968 SF
      578 Kenmore Blvd, Akron, OH 44314-2435
      View Details
    • Value Estimation by Request
      4,000 SF

      2000 Manchester Rd

      LIGHT INDUSTRIAL • 4,000 SF
      2000 Manchester Rd, Akron, OH 44314-2479
      View Details
    • Value Estimation by Request
      8,000 SF

      650 Wilbeth Rd

      LIGHT INDUSTRIAL • 8,000 SF
      650 Wilbeth Rd, Akron, OH 44314
      View Details
    • Value Estimation by Request
      3,796 SF

      565 Wilbeth Rd

      LIGHT INDUSTRIAL • 3,796 SF
      565 Wilbeth Rd, Akron, OH 44314-1762
      View Details
    • Value Estimation by Request
      4,130 SF

      1409 Kenmore Blvd

      LIGHT INDUSTRIAL • 4,130 SF
      1409 Kenmore Blvd, Akron, OH 44314-1627
      View Details
    • Value Estimation by Request
      2,760 SF

      660 Allenford St

      LIGHT INDUSTRIAL • 2,760 SF
      660 Allenford St, Akron, OH 44314-1714
      View Details

    Similar Nearby for Sale

    • New
      $135,000
      2,400 SF

      Akron Duplex with Long-Term Tenants

      Fully occupied duplex in Akron, generating $1800 monthly income.
      2387 29Th St SW, Akron, OH 44314
      View Details
    • Contact for pricing

      Summit County Land Parcel

      Land parcel in Summit County totaling 20.75 acres.
      875 Ivor Ave, Akron, OH 44314
      View Details
    • New
      Contact for pricing
      0.15 Acres

      Residential Parcel in Akron, OH

      Residential parcel perfect for building a home and gardening.
      764 Harrison Ave, Akron, OH 44314
      View Details
    • Contact for pricing

      Akron Land For Sale

      Land available in Akron, Ohio.
      764 Harrison Ave, Akron, OH 44314
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      39,336 SF

      Industrial Space Available For Lease

      Industrial property featuring 39,336 square feet available for lease.
      880 West Waterloo Rd, Akron, OH 44314
      View Details
    • Contact for pricing

      Retail Space on Kenmore Boulevard

      2,800 SF end unit in multi-tenant retail plaza.
      1035 Kenmore Blvd, Akron, OH 44314
      View Details
    • Contact for pricing

      Retail Space in Revitalizing Neighborhood

      Lease opportunity in a historic, lively Akron neighborhood.
      1020 Kenmore Blvd, Akron, OH 44314
      View Details
    • Contact for pricing

      Akron Land Site For Sale

      29 acres of land available in Akron, Ohio.
      2324 Manchester Rd, Akron, OH 44314
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    598 Kenmore Blvd
    Akron, OH 44314-2466
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    598 Kenmore Blvd, Akron, OH, 44314
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!